Wayne Nordberg Headlines Ivy Family Office Network New York City Forum

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Hollow Brook Wealth Management’s Managing Chairman and Chief Investment Officer, Wayne Nordberg discusses 2013 Portfolio Allocations and Real Asset Hedges at the December 11th Ivy Family Office Network Forum.

Hollow Brook Wealth Management’s Chairman and Chief Investment Officer, Wayne Nordberg headlined the Ivy Family Office Network New York City Forum with a discussion on “2013 Portfolio Allocations” The Forum was held on December 11th in midtown Manhattan.

According to Mr. Nordberg, “Government balance sheet sustainability is an unanswered question with inflationary deleveraging seen as the only politically viable solution. Due to government and Federal Reserve manipulation, we are going through a period of financial repression. The last financial repression in the 1970s which ended in the abandonment of Bretton Woods led to 8 years of inflationary conflagration and structural imbalance. Gold went from $35 to $850 per ounce. Because we have fiscal imbalances far beyond that crisis, it ultimately will be concluded that the U.S. has no intention of honoring its debts at today’s currency value.”

“Because of foreseeable policy there is a need to move to assets that can survive potential inflationary environments. To avoid default, the U.S. will require $1 to 1.6 trillion in tax increases or spending cuts, Bush tax cuts only provide $200 billion, Simpson-Bowles $600 billion. We see a bubble in bonds where they are significantly over valued though there is a flight to bonds by institutional investors. Equities are at historical lows in terms of ownership yet have been outperforming bonds and are undervalued. Overall we maintain a strong outlook toward equities performance and re-balancing towards more commodities and real assets ”

Mr. Nordberg is the Chairman and Chief Investment Officer, he is primarily responsible for the development, implementation and maintenance of Hollow Brook's risk management and asset allocation systems. The overall management and investment goals of the firm are defined by Wayne's macro views and implemented into portfolios through Hollow Brook's bottoms up equity and manager research process. From 2002 to 2007 Wayne was a senior managing director at Ingalls & Snyder LLC. Prior to Ingalls & Snyder, Wayne served as Vice Chairman of KBW Asset Management. From 1988 to 1998 Wayne was Partner of Equity Investments for Lord Abbett & Company. From 1974 to 1988 Wayne served as Partner and Chairman of the Investment Policy Committee for Prescott Ball & Turben. Wayne currently serves on the Board of Directors of NYSE listed PetroQuest Energy (PQ) as well as Annaly Capital Management (NLY) and W. H. Reaves Utility Income Fund (UTG). Wayne is currently a trustee of the American Museum of Fly Fishing, the Atlantic Salmon Federation, The National Wildlife Federation Endowment, and the Glynwood Center. Wayne is a graduate of Lafayette College with a BA in Economics.

The Ivy Family Office Network New York Forum is part of an ongoing dialogue with family offices to provide high-value education and information on trends for family office investing, structure and operational excellence. Attendees gain practical strategies and solutions to achieve both short and long-term objectives. The program features off-the-record, peer-to-peer discussions in a non-commercial setting, in-depth and highly interactive sessions.

About The Ivy Family Office Network

The Ivy Family Office Network, IvyFON, is a leading peer to peer global family office network with several hundred family offices attending their events within the past 12 months. Some of the more than 1,000 past speakers have included 5 of the top 10 leading asset allocating consultancies by size, pre-eminent alternative investment funds by return, leading institutional investors by size, best-in-class asset management professionals, family office subject matter experts and world-class family offices. Forum sessions are multi-format and cross-disciplinary covering a range of family office centric topics.

IvyFON’s expertise is an outgrowth one of the United States’ oldest and largest alternative investment networks, the IvyPlus network, which was started as a peer to peer private equity, real estate and hedge fund network consisting primarily of Ivy League alumni but inclusive of other participants who had attended more than 50 globally comparable programs or through merit are worthy participants in the program. More than 10,000 investment, family office and institutional investment professionals have attended IvyPlus forums globally. For more information on the Ivy Family Office Network, go to ivyfon.com/contact.html.

For more information on Hollow Brook Wealth Management, please contact: Caroline German @ (212) 364-2739 or via email: cgerman(at)hbwmllc(dot)com

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Marty Secada
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